Buying in Noosa & beyond.

Lifestyle, climate & proximity –the appeal of Noosa continues to grow

Noosa and the Sunshine Coast have become premier lifestyle destinations in Australia and the appeal of the climate, environment and community we offer has created an actively competitive buying environment.

To position yourself with the best chances of success to secure your dream home, let us share some of our experience and advice with

BEGIN WITH RESEARCH

A focused property search will save you time and energy and almost always lead to a better result than a haphazard one. Here are some recommendations on where to begin.

UNDERSTAND YOUR BORROWING CAPACITY

Online loan calculators are a helpful guide but the reality is that they are not a formal statement of your borrowing capacity. We recommend that you seek professional advice from your mortgage broker or lender and obtain pre-approval for a loan. This is the only true way to know how much you can actually borrow, as well as what the likely repayments will be.

UNDERSTAND WHERE YOU CAN & WANT TO BUY

Use property portals such as Realestate.com.au and Domain.com.au to take a look at for-sale and recently-sold homes and see where your budget will realistically apply. Take care to view recent data only as anything older than as little as a month can be out of date depending on market conditions.

FIND YOUR TEAM

Once you find a property that you would like to purchase, a solicitor or conveyancer can guide you through the legalities of buying and ensure your interests are protected. Generally speaking, a pest and building inspection is wise when purchasing and we recommend seeking a good service provider to engage when the time is right.

ATTEND OPEN HOMES

Despite the high quality online presentation of homes for sale, nothing is more exciting than seeing and feeling a property in real life. To help you understand your preferences and increase your chances of finding the perfect home, we recommend attending open homes as early and frequently as you can to define the features and qualities you are seeking in the lifestyle you want to live.

REGISTER WITH AN AGENT

If you are only inspecting properties you see on the major online portals, you could be missing out on your next perfect home. We sell as many as 20% of our properties before they become available to the wider public through the Neller Off Market portal on our website. If you choose to register with us, we can help guide you towards your dream property, potentially before the general public has the chance to see it.

As well as speaking to us, talk to other local agents and let them know you are interested in buying a home. Ask to be added to their database of interested buyers and be notified before anyone else when a property that matches your criteria is launched to market.

HELPFUL TIP

Register to be the first to view our Off Market listings at nellerre.com.au/property-alerts

Now that you have taken the first steps towards preparing to purchase a home, be ready to act when you find the right one by paying close attention to the following tasks.

PREPARE YOUR DEPOSIT

Your lender will expect you to have your deposit banked and available prior to pre-approval and when an offer you make to purchase is accepted, you’ll be required to pay this deposit without delay. Generally 5% of the purchase price of a property sold by private treaty is to be paid as a deposit, or 10% for a property sold at auction. In some circumstances, the Sales Agent for the property you wish to purchase may also be able to negotiate for you to pay a smaller deposit, if such an arrangement is required.

CONFIRM YOUR FINANCE

If you will be seeking a loan to finance the purchase of your property, this is the time to make sure your pre-approval and all other necessary paperwork is in place. When you do find the right property, you usually need to act fast and by applying diligence to the process of obtaining finance, you will be able to confidently make offers without concern.

MAKE AN OFFER

Once you’ve found the perfect property, simply contact the selling agent to make your offer to purchase known and you will be guided through the process to close the sale successfully from there.

Above, right: Gordon Macdonald; Auctioneer, and Robbie Neller; Neller Real Estate Director and Sales Agent.

paced, adrenaline-fuelled and very public, but auctions are in fact the most transparent way to buy a property. Unlike a private sale, you are able to exercise more control over the process as you hear in real-time what others are prepared to pay for the property too, while minimising the confusion and disappointment that sometimes comes with missing out in a private negotiation.

To succeed in an auction, set yourself a limit, have a strategy in mind for how you will bid and don’t let your emotions get the better of you.

If you’re worried you won’t be able to do that, ask someone else - or engage a real estate agent or buyer’s agent - to bid on your behalf.

Don’t forget: you can make a pre-auction offer to try to secure a property before auction day. In the event that the property doesn’t sell at auction and is ‘passed in’ you may also still have the opportunity to negotiate a sale after the auction.

With diligent preparation, you can buy with complete confidence

Putting your best foot forward in to your new property & life ahead

In a competitive market, as is the one we are currently experiencing, it is easy to miss out on a property. With our insider tips, you can be sure you will be in the best possible position to secure the home of your dreams.

MAINTAIN REALISTIC EXPECTATIONS

Buyers often miss out on properties they make offers on simply because they are not realistic about what their budget is able to buy. If you have your heart set on a particular area that is unaffordable, we suggest consider moving one or two suburbs further out, or alternatively

BE CONFIDENT

Don’t be afraid to put your best foot forward and pay what a property is worth instead of trying to purchase at a ‘bargain’ price. Under valuing a property is likely to lead to you missing out on the opportunity. In the long run, you’ll almost certainly be better off than your initial purchase price, especially in high-demand areas such as ours.

STAY PATIENT

We often find it can take some time for buyers to find the perfect home and secure it – even when you are doing everything right. Inevitably we see all buyers eventually find their dream property, some in a short time frame, others longer. Use this helpful guide to steer you through the process, ask your local agents for help and stay optimistic – you’ll eventually find the right home.

BE FLEXIBLE

No matter your budget and in any property search, there will always be an element of compromise. We suggest working out what is absolutely essential to the lifestyle you want to live, and what would simply be ‘nice to have.’ Decide what aspects of a home are truly important to you and allow yourself the flexibility make offers on properties that feature the nonnegotiables, but have the potential for improvement around the ‘nice to haves.’

The outlook toward Lions Head, Sunshine Beach.

We’re here to help

Here at Neller Real Estate, it would be our honour to help you to find your perfect property on the coast. By registering with us at nellerre.com.au/property-alerts you can stay one step ahead of the market and received personalised alerts whenever we list a new home, including off-market properties that you won’t find advertised on the portals. If you have any questions about the journey of buying a home, please reach out to our Sales Agents for their expert advice. We’ll only be too happy to help.

The Ne er Team

Right: Jack Brew, Neller Real Estate Sales Agent and local of Peregian Breeze.

NOOSA